Ascend Elements

Westborough, MA · Founded 2015 · Privately Held (backing)

Manufacturer of battery materials intended to improve performance, reduce cost, and enhance efficiency. Ascend Elements is based in Westborough, MA and was founded in 2015. It was valued at $1.6 billion at its later-stage round in Feb 2024, the last priced event on record. It has raised $878 million across 3 recorded rounds; the latest was a $460 million later-stage round in Aug 2023.

PMV mark · valuation
$1.6B
Oct 2026
Priced at
its later-stage round
Feb 2024
Total raised
$878.5M
Last round
Later Stage VC
Aug 2023
How much has Ascend Elements raised?
$878.5Macross 3 recorded rounds · Jul 2022 – Aug 2023

Most recently, Ascend Elements raised $460.1M in its Later Stage VC (Aug 2023).

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Ascend Elements round by round

3 rounds
Aug 2023Later Stage VC$460.1MSEC filing▮
19 investors participated
Dec 2022Later Stage VC$80.0MSEC filing▮
3 investors participated
Jul 2022Later Stage VC$101.3MSEC filing▮
17 investors participated

How much has Ascend Elements raised?

Ascend Elements has raised $878 million across 3 recorded rounds since 2022. The largest was an $80 million later-stage round in Dec 2022; the most recent was a $460 million later-stage round in Aug 2023.

Ascend Elements has filed 3 Form Ds with the SEC since 2022, most recently in Sep 2023 ($460 million sold to 19 investors).

Ascend Elements investors

41 investors are on record for Ascend Elements, including Alumni Ventures, US National Science Foundation, MassChallenge and U.S. Department of Energy. By type, the record holds 9 venture capital firms and 3 asset managers. The later-stage round in Aug 2023 drew 19 investors.

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Frequently asked about Ascend Elements

How much has Ascend Elements raised?
Ascend Elements has raised $878.5M in total across 3 recorded funding rounds.
When was Ascend Elements's last funding round?
Ascend Elements's most recent recorded round was Later Stage VC in Aug 2023, raising $460.1M.